Owners Not Ready to Give Up Control to Smart Ships

Orca AI: Maritime industry slow at adapting solutions vital to avoiding collisions.

US Blacklists Venezuela’s PDVSA

Venezuela

The United States has imposed sanctions on Venezuela's state-run oil firm PDVSA.

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Ship Involved in Kerch Strait Fire Barred from Usual Port

Kerch Strait Fire

Maestro and Venice/Candy listed by the U.S. Department of the Treasury for petroleum shipments to Syria.

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Iran's President: No Oil Will Be Exported from the Gulf

Hassan Rouhani, Iran's President

Rouhani: If the U.S. wants to stop our oil sales, no oil will be exported from the Persian Gulf.

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US Treasury Warns Against Petroleum Shipments to Syria

Donald Trump

US warns maritime community of sanctions risks related to petroleum shipments to Syria.

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US: Iranian Tankers Are a Floating Liability

tanker

Hook: Iranian tankers are now a floating liability.

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Chabahar Port Development Exempted from US Sanctions

Donald Trump

U.S. exempted the development of the Chabahar Port in Iran from sanctions on Iran.

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Sunken Sanchi Included in US Sanctions List against Iran

Donald Trump

Sanchi, which sank in January 2018, included in the new U.S. list of sanctioned individuals and entities.

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U.S. Sanctions against Iran to Drive Tanker Rate Increases

Donald Trump

Sanctions against Iran contribute to the increase in tanker rates.

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US Blacklists WT Marine over North Korea Links

US flag

WT Marine Pte, a marine fuels company from Singapore blacklisted by U.S. Treasury.

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IRISL Linked to Three Tankers at Sadra

tanker

IRISL orders three 113,000 dwt tankers at compatriot shipbuilder SADRA.

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Drewry: Tight Supply to Keep Oil Prices Up in Q4

tanker

Oil prices have already started to rise ahead of US sanctions against Iran.

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EU, China and Russia to Keep Trade Relations with Iran

Federica Mogherini, High Representative of the Union for Foreign Affairs and Security Policy

A a Special Purpose Vehicle to be established to facilitate payments related to Iran's exports and imports.

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Qatar, Iran Looking to Boost Shipping Ties

Qterminals, Hamad, Qatar

PMO: Qatar is interested in boosting trade relations with Iran.

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U.S. Blacklists Russian Ships, Owners for North Korea Ties

North Korean flag

The U.S. has sanctioned six ships and two Russian shipping companies for ties with North Korea.

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US Sanctions on Iran to Affect Greek Owners

Tanker

Greek owners are most likely to be affected by the upcoming US sanctions on Iranian ports, shipping and energy sectors.

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CMA CGM Pulls Out of Iran due to U.S. Sanctions

CMA CGM vessel

CMA CGM is exiting Iran after the Trump administration imposed sanctions on companies operating in the country.

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Industry Majors Put Their Iranian Businesses under Review

Maersk Line

The announced reinstating of nuclear-related sanctions against Iran is already starting to kick in.

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Drewry: Up to 20 VLCCs Could Be Left Without Work

VLCC Anne

Lower oil exports from Iran stemming from new sanctions against the country could leave up to 20 VLCCs without work.

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US Sanctions on Iran Bringing More Uncertainty for Tankers

VLCC

New sanctions against Iran by the U.S. create an unnecessary extra uncertainty for the tanker market.

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US Reimposing Sanctions on Iran's Shipping, Shipbuilding

Donald Trump

The U.S. Government will reimpose sanctions on Iran’s port operators, and shipping and shipbuilding sectors.

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US Sanctions against Venezuela "Cause for Concern"

MOL vessel

Sanctions imposed by the US against Venezuela are now starting to impact shipments in the tanker market.

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